Thursday, September 24, 2020

PMC Bank collapse: 'We lost our money and then our son'

PMC Bank collapse: 'We lost our money and then our son'

On 20 September, 2019, Raunak Modi deposited all his money - and that of his family's - in an account they held in PMC bank.

The bank was offering higher interest rates on fixed deposits, which is a popular saving instrument.

The money he deposited in PMC bank also included a large amount he got after selling his house in Mumbai. Raunak, 24, was planning to set up a business to secure a bright future for his wife and his child.

Date: A9862C0E6E1BE95BCE0BF3D0298FD58B
Twitter: @YahooNews
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Unemployment Fraudsters Were Taking Money From Woman’s State Pension, And She Says She

ITASCA, Ill. (CBS) — Fraudsters are taking hundreds of dollars from an Itasca woman’s state pension.

CBS 2’s Tara Molina reported investigated the issue Thursday and took it to the State of Illinois.

Shon Miles has done everything she can to fix the issue before money is deducted from her next pension check. She has called the Illinois Department of Employment Security , and has even showed up here at their office in Arlington Heights.

Date: 2020-09-24T22:26:38 00:00
Author: http www facebook com cbschicago
Twitter: @/CBSchicago
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White House has money to 'repurpose' for additional coronavirus stimulus, Kudlow says | Fox

Rep. Chip Roy, R-Texas, on passing coronavirus relief to help small business stay afloat and Joe Biden's potential running mate.

White House  economic adviser Larry Kudlow said the administration had relief dollars left over from the CARES Act that it could put toward other stimulus measures.

* * *

When asked on Thursday whether he thought a new stimulus package could possibly pass Congress now that the Supreme Court vacancy has become a key issue, Kudlow indicated he didn’t think the administration’s relief plans would be affected by the judicial situation “at the moment.”

Publisher: Fox Business
Date: 2020-09-24
Twitter: @FoxBusiness
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How much stimulus check money could you get? Calculate your payment with this tool - CNET

The CNET stimulus payment calculator can help you estimate how much money you could get from the IRS if a second check comes to be.

Publisher: CNET
Author: Clifford Colby
Twitter: @CNET
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Thielen Foundation to provide money, equipment to help organizations hit hard by COVID-19, riot

The Thielen Foundation announced Thursday it will provide more than $75,000 in cash and equipment to Cooper High School in New Hope, the Northside Impact Fund and Urban Ventures, while beginning a campaign to provide all three organizations with additional money to finish capital projects and continue existing programs.

“We’re trying to make change, but we believe we can make big change through sport,” Thielen said. “What I mean by that is providing these kids resources, opportunities to get out and really learn some great things that you learn from sport.”

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Publisher: Star Tribune
Twitter: @StarTribune
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Money in Your Pocket: 9/24/20 | WSYR

(WSYR-TV) -- Over the past few weeks the stock market has pulled back. And while there's certainly been a lot of bad news to focus on, financial advisor Rick Reagan says there are a few reasons why he thinks we've seen the pullback.

The first is coronavirus problems in Europe. Reagan says he thinks our economy and our stock market will follow the progress we make on COVID-19 and in Europe there's a second wave. Countries like Spain and France are seeing spikes in cases. Britain is talking about national lockdowns and Reagan thinks that is scaring the U.S. because that could potentially happen here.

Publisher: WSYR
Date: 2020-09-24T11:24:19 00:00
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Need to borrow more money? Here's what to consider first

Depending on your financial situation, taking on debt may be unavoidable. But if you can get by without taking on more debt, take a break. 

Here’s why: because of compounding interest, taking on debt to make payments in the present is only delaying the inevitable. Eventually, you’ll end up with double the payments and double the interest and still endeavor to meet the higher monthly minimums. The best approach is to speak directly with your lender about repayment and forbearance options.

Publisher: FOX 10 Phoenix
Date: 2020-09-24
Twitter: @FOX10Phoenix
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Teaching Children About Money at an Early Age Pays Off - TulsaKids Magazine

I t was a Star Wars Lego set that did it. It was a Saturday afternoon and I had stopped by the store with my preschool son in tow to pick up a few things for the upcoming week. A quick jaunt past the toy aisle was all it took for him to zero in on a Lego set with his favorite Star Wars characters, which was swiftly followed by pleading and whining for the rest of our shopping trip.

Yep, that’s when I decided that our little guy was old enough to learn about the value of money and how that card was more than a magic pass to get anything I wanted. There is definitely a debate among parents about when to start talking about money with your kids. Some believe that introducing concepts of money to children places too much strain and adult anxiety on children.

Publisher: TulsaKids Magazine
Date: 2020-09-24T14:22:58 00:00
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